Guideline Value for Chellapillai Lane

Chellapillai Lane guideline value

The current guideline value of Chellapillai Lane is Rs 1,250 per sq.ft, effective from 1 July 2024. This street is located in Ward-6 village under the Coimbatore North Joint 1 SRO and is classified as Residential Class II Type - I.

How the guideline value of Chellapillai Lane has changed

The guideline value for Chellapillai Lane has seen several revisions over the years. The 2012 revision set the guideline value at Rs 1,100 per sq.ft, which was then reduced to Rs 737 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the value increased to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,250 per sq.ft in the 2024 revision, representing a 14% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 14%.

Guideline values in Ward-6

In Ward-6, there are 37 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,250 to Rs 7,900 per sq.ft. The median guideline value for these streets is Rs 2,900 per sq.ft, placing Chellapillai Lane's 2024 figure below that median.

• Easwaran Kovil Street Lane: Rs 1,800 per sq.ft (2024)
• Easwaran Kovil Street Main: Rs 3,300 per sq.ft (2024)
• Edaiyar Street (or) Krishnan Street Main: Rs 3,400 per sq.ft (2024)
• Anumantharayan Kovil Street Main: Rs 2,200 per sq.ft (2024)
• Alavudin Lane Main: Rs 1,800 per sq.ft (2024)
• Karuppa Gounder Street (K.G.St) or Karuppaiah Street Lane: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Chellapillai Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,250 per sq.ft, the total guideline value would be Rs 12,50,000. The stamp duty at 7% would amount to Rs 87,500, and the registration fee at 2% would be Rs 25,000, bringing the total charges to Rs 1,12,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chellapillai Lane?

The Sub Registrar Office that covers Chellapillai Lane is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward-6

The guideline value is a critical factor during the registration of property transactions in Ward-6. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the necessary fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Chellapillai Lane?

The current guideline value of Chellapillai Lane is Rs 1,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then back to Rs 1,100 in 2023, and finally to Rs 1,250 in 2024.

What is the median guideline value in Ward-6?

The median guideline value in Ward-6 is Rs 2,900 per sq.ft, which is higher than the current value of Chellapillai Lane.

What are the stamp duty and registration fees for properties in Chellapillai Lane?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total charges would be Rs 1,12,500.

Where can I find the Sub Registrar Office for Chellapillai Lane?

The Sub Registrar Office for Chellapillai Lane is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.